GST Rates: Complete List Of Items And Their GST

At the stroke of the midnight hour, India launched its ambitious pan-India indirect tax regime, the Goods and Services Tax (GST) to bind the country into a regime of ‘one nation, one tax, one market’. The new tax regime, the GST rates bring massive changes in one of the largest economies of the world. The GST will change the way people conduct businesses in India as the country will become a single market with a single tax rate, irrespective of the state you conduct your business in. Barring a few exemptions, from the smallest entity on the economic food chain to multi-billion conglomerates, no one will stay untouched by the GST. The effect of the new tax regime will be proportional to the size of the entity but ultimately it will be the end-user who will bear the brunt of the higher tax rate or get the benefits of lower taxes.

For example, most of the services, for which we pay 15 percent service tax, will be bracketed into 18 percent tax slab but some will also get cheaper with 5 percent tax slab. Either way, it will take a while to understand how much tax we are paying on a particular product or service. To make your transition easier, we have compiled an item-wise list of a plethora of products and their corresponding tax rates.